This Q&A guide to insurance and reinsurance law in Turkey has been written by Arpat Şenocak, partner and Ece Çakırel-Eşkinat, associate at Özdirekcan Dündar Şenocak Attorney Partnership and published in Practical Law Global Guides, a publication of Thomson Reuters in November 2018.
The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Turkey.
Click here to read the online version of the article.